Industrial Machinery Is an Example of

question 68

Multiple Choice

Industrial machinery is an example of

• A)a factor of production that in the past was an output from the production process.
• B)technological knowledge.
• C)a production function.
• D)an item which always has the property called constant returns to scale.

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Definitions:

Birth Rates

The number of live births per thousand of population per year.

Hobsbawm

Eric J. Hobsbawm, a British historian known for his extensive work on the history of the 19th and 20th centuries, particularly on revolutions, the industrial age, and nation-building.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.

Racism

Racism is the belief that a visible characteristic of a group, such as skin color, indicates group inferiority and justifies discrimination.